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Susan's right - rich subject. Difficult to formulae
investment strategies from the subject however, more
applicable to either macro-investing (as as additional
metric for gaging valuation of markets or industries
as a whole) or conversely applicable to day trading.
My investing technique involves individual stock
selection with generally close to full allocation
all the time, so this subject might not be helpful
to me but it would be interesting to see how we can
tie the subject to investing strategies more concretely.

- Manlobbi
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